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Digital Age

Digital Age

Facebook's Libra project of a global digital currency. An assessment

BY Dr. JOSEPH HUBER* “Ethical Markets shares the misgivings of so many experts, central bankers, politicians and citizens about trusting Facebook’s plan to issue its Libra currency. We have posted links to many experts’ critiques and to  C-SPAN Hearings on this matter in the US…

Civil rights

The Precipitous Barbarisation of Our Times

Roberto Savio* When all is said and done, it appears that Thomas Hobbes, the 17th century English philosopher who had a dire vision of man, was not totally wrong. From the frivolous to the serious, in just a week we have had four items of news which would not happen in a normal…

Development

Social Challenges and public policies in a global world

By Fernando Reyes Matta*   There are three fears that cross citizenship in different parts of the world: a) the fear of how work life will be changed by automation and robotics; b) the fear of stress in urban life, if the city becomes oppressive; c) the fear of long and…

Civil Society

Facebook May Pose a Greater Danger Than Wall Street

By Ellen Brown* – Truthdig Payments can happen cheaply and easily without banks or credit card companies, as has already been demonstrated—not in the United States but in China. Unlike in the U.S., where numerous firms feast on fees from handling and processing payments, in…

Democracy

The World Grows More Dangerous by the Day

By François Delattre* – The New York Times My experience at the United Nations Security Council over the last five years has led me to see a harsh truth: The world is growing more dangerous and less predictable by the day. While the tectonic plates of power are shifting under…

Commerce

The Huawei bogey

By GURSHABAD GROVER* – The Indian Express India needs to prove company aids Chinese government, or risk playing into US hands. The Trump administration has not only passed orders restricting the US government and its departments from procuring networking equipment from Chinese…

Commerce

Trump Wants to Wall Off Huawei, but the Digital World Bridles at Barriers

Sanger* – The New York Times President Trump has finally succeeded in building his wall: not the one he keeps demanding on the southwestern border, but a far more complex barrier meant to block China’s national telecommunications champion, Huawei, from operating in the United…

Commerce

Neoliberal Reforms Strengthening Monopoly Power and Abuses

By Jomo Kwame Sundaram and Anis Chowdhury  (*) KUALA LUMPUR and SYDNEY, May 7 2019 (IPS) – Over the last four decades, growing concentration of market power in the hands of oligopolies, if not monopolies, has been greatly enabled by ostensibly neo-liberal reforms, worsening…